PGGM Investments Sells 10,286 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

PGGM Investments lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,549 shares of the specialty retailer’s stock after selling 10,286 shares during the quarter. PGGM Investments’ holdings in Lamb Weston were worth $5,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC grew its stake in shares of Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 114 shares during the period. VisionPoint Advisory Group LLC grew its stake in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 161 shares during the period. Private Trust Co. NA boosted its stake in Lamb Weston by 17.6% in the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 162 shares during the period. Family Legacy Inc. boosted its stake in Lamb Weston by 1.5% in the 4th quarter. Family Legacy Inc. now owns 11,157 shares of the specialty retailer’s stock worth $1,206,000 after purchasing an additional 168 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in Lamb Weston by 7.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,502 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 182 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.4 %

Shares of NYSE:LW opened at $83.85 on Monday. The stock has a fifty day simple moving average of $95.51 and a two-hundred day simple moving average of $98.51. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12-month low of $77.41 and a 12-month high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is presently 19.23%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Citigroup lowered their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. BNP Paribas started coverage on Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target on the stock. Barclays decreased their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Finally, StockNews.com cut Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.40.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.